Closed end auto lease

A closed-end auto lease is the most common and popular type of vehicle lease. You may have heard of the close-end lease as a walk-away lease. The closed-end lease, or walk-away lease, allows the consumer to return the automobile at the end of the lease agreement term, with no other financial obligations. It’s basically agreeing that a certain number of kilometers or miles will be driven each year.

This type of lease allows you to return the car and be done with it….other than paying for any damage or excess mileage or other lease end charges. Continue reading “Closed end auto lease” »